Peak Resorts, Inc. (NASDAQ:SKIS) Major Shareholder Cap 1 Llc Buys 17,180 Shares
Peak Resorts, Inc. (NASDAQ:SKIS) major shareholder Cap 1 Llc purchased 17,180 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $5.58 per share, with a total value of $95,864.40. Following the acquisition, the insider now owns 1,742,705 shares in the company, valued at approximately $9,724,293.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Cap 1 Llc also recently made the following trade(s):
- On Tuesday, July 25th, Cap 1 Llc bought 72,180 shares of Peak Resorts stock. The shares were acquired at an average cost of $5.56 per share, for a total transaction of $401,320.80.
- On Friday, July 21st, Cap 1 Llc acquired 144,512 shares of Peak Resorts stock. The stock was bought at an average price of $5.51 per share, for a total transaction of $796,261.12.
- On Tuesday, July 18th, Cap 1 Llc acquired 152,400 shares of Peak Resorts stock. The stock was bought at an average price of $4.82 per share, for a total transaction of $734,568.00.
- On Wednesday, July 19th, Cap 1 Llc acquired 417,400 shares of Peak Resorts stock. The stock was bought at an average price of $5.12 per share, for a total transaction of $2,137,088.00.
Shares of Peak Resorts, Inc. (NASDAQ:SKIS) opened at 5.00 on Monday. The company’s 50 day moving average is $4.61 and its 200-day moving average is $5.29. Peak Resorts, Inc. has a 1-year low of $3.90 and a 1-year high of $6.20. The stock has a market capitalization of $69.91 million, a price-to-earnings ratio of 166.67 and a beta of 1.04.
Peak Resorts (NASDAQ:SKIS) last issued its earnings results on Thursday, July 13th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.09. Peak Resorts had a return on equity of 0.68% and a net margin of 0.36%. The company had revenue of $51.30 million during the quarter, compared to analyst estimates of $51.78 million. During the same period in the previous year, the company posted ($0.50) earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts anticipate that Peak Resorts, Inc. will post $0.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, July 27th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, July 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.60%. Peak Resorts’s payout ratio is presently -200.00%.
Several analysts recently issued reports on the stock. FBR & Co restated a “buy” rating on shares of Peak Resorts in a report on Tuesday, April 11th. Zacks Investment Research upgraded shares of Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 24th. Stifel Nicolaus cut their price target on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, June 23rd. Macquarie lowered shares of Peak Resorts from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $7.00 to $5.00 in a research note on Wednesday, July 19th. Finally, ValuEngine lowered shares of Peak Resorts from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Peak Resorts has a consensus rating of “Hold” and an average target price of $6.29.
Institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC boosted its position in shares of Peak Resorts by 23.9% in the second quarter. Essex Investment Management Co. LLC now owns 30,098 shares of the company’s stock worth $123,000 after buying an additional 5,808 shares during the last quarter. Spark Investment Management LLC acquired a new stake in Peak Resorts during the second quarter worth approximately $251,000. Renaissance Technologies LLC raised its stake in Peak Resorts by 19.0% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the company’s stock worth $460,000 after buying an additional 13,200 shares during the period. Bard Associates Inc. raised its stake in Peak Resorts by 0.5% in the first quarter. Bard Associates Inc. now owns 119,175 shares of the company’s stock worth $673,000 after buying an additional 600 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Peak Resorts by 5.2% in the second quarter. Russell Investments Group Ltd. now owns 196,417 shares of the company’s stock worth $805,000 after buying an additional 9,704 shares during the period. 50.15% of the stock is owned by institutional investors and hedge funds.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; West Dover, Vermont, and Hunter, New York, and an 18 hole golf course in West Dover, Vermont.
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